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important meetings of the year. shinzo abe is flying to washington for his first talks with u.s. president barack obama since he took office in december. their agenda is packed and their discussions are expected to touch on everything from a wide-ranging free trade deal to punishing north korea. >> translator: i want the summit talks to show the international community that japan and the united states have restored the strong bond of their alliance. >> abe says that alliance became unstable during the former democratic party-led administration. he says he's going to talk to obama about the u.s.-led negotiations for the transpacific partnership. nations that joined the discussions for the free trade agreement are supposed to in principle eliminate all tariffs, but abe doesn't want to abide by the precondition. abe and obama are expected to share ideas on what to do about north korea. scientists in the country last week carried out their third nuclear test. they are agreed to push for a nuclear resolution imposing new sanctions on pyongyang. >>> government officials say the prime minister wi
, prepare for merger. a deal takes off between u.s. airways and american. what it means for consumers. troubled waters: insights on cruise stocks following carnival's rocky week. plus, does apple have a trick up its sleeve? traders give us their takes on wristwatch rumors. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, february 15th. i'm angela miles. in today's first look: stocks stay stuck. stocks and comodities barely budged yesterday. a cross-current of postive news on jobs and m&a deals in the u.s. offset negative economic data out of europe, which held the market in check. shares of herblife soared 15% after hours on word carl ichan bought 14 million shares of the nutrition company. and tiffany is suing costco. tiffany claims the club chain is selling engagement rings bearing the tiffany name. traders will enjoy a long holiday weekend. with presidents' day coming up on monday, the markets will be closed. mark sebastian of option pit mentoring joins us on this friday for a closer look a
of afghanistan today ordered all u.s. special operations forces to leave an embattled area of that country within two weeks because of torture and other allegations against afghans working with the americans. the area is wardak province, not far from kabul. for more on this, we turn to nbc pentagon correspondent, jim miklaszewski. jim, what is this all about? >> lester, this order today shocked u.s. defense and military officials, taken totally by surprise. military officials strongly deny u.s. commandos condone or took part in any kidnappings, torture or murders of afghan civilians or suspects. now, in the past, president karzai has taken the u.s. military to task, in part, to show the afghan people that he's in charge. but wardak province is a taliban stronghold, one of the hottest combat areas in afghanistan. so if karzai's playing politics here, it's an extremely dangerous game, lester. >> could this derail the planned 2014 withdrawal of the majority of troops, the schedule the administration is currently sticking with? >> well, people are already wondering that. president obama has already a
. there are new claims of a responsibility for a terrorist attack on the u.s. embassy in turkey. we know about the group and how they fit into the wider global terror network. >> the white house on defense over defense secretary nominee chuck hagel's explosive and contentious senate hearing. what are the chances that he'll get confirmed. >>> the dow closing above 14,000 for the very first time in years. will it continue? that's the big question. >>> but up first some brand new developments this out of alabama. that's where a 5-year-old boy remains hostage in an underground bunker. at this hour authorities sent a special message to the man holding him there, jimmy lee dykes. the standoff began five days ago when police say dykes kidnapped the boy from his school bus after shooting the driver. jonathan serrie is live at the scene in midland city, alabama. what's the latest? >> reporter: no resolution as the hostage standoff goes into a fifth afternoon. however, authorities say they are in constant communication with 65-year-old jimmy lee dykes communicating through the pvc pipe that provides ven
minutes from now. until then a look at comments by u.s. army chief of staff general ray odierno. he said friday the greatest threat facing our nation is fiscal uncertainty and potential budget shortfalls. >> good morning, everyone. i'm mike owe hand lan and on behalf of peter singer and everyone else here at bookings, for the 21st century hearing on intelligence. we're welcome to have general ray odierno to speak in what could not be a more important week for american defense policy making. you're aware of budget challenges of the process and how these can affect our men and women in uniform and future military planning and current operations. no one could be a more distinguished and thoughtful person who discuss these matters than general odierno who i have great honor to know a dozen years now. he has been a friend of brookings and the a friend of the broader defense community and he has been a distinguished servant in our nation's military and our nation's defense throughout that period. he took the fourth infantry division to iraq and presided over its operations, directed its operat
a 500 pound settlement with u.s. and uk regulators later this week. rbs will cover the bonus pools after a warning from the government that taxpayers should not foot the bill. rbs is planning to float the 316 branches of santander it has so far failed to sell. according to the papers, an ipo would allow the bank to dispose of that unit cleanly. lots going on. we're pleased to be joined by michael brown. welcome. >> happy monday morning. >> i know you want to talk about the super bowl. >> well, that would be nice given i was up watching it. >> i'm impressed. i should have been up staying up all night. my sister lives in baltimore. >> there are plenty of bank stories to get to in the meantime. >> absolutely. >> we're going to hear from george osborne in just a couple on hours' time. what does this mean? >> the idea is, of course, that we should have capital in both parts. but the problem is, there isn't enough capital to go around and, therefore, you don't want to spook the financial markets by saying, by the way, yes, you do need to have this. how do we get to where we want to be, i.e. en
the president will likely reference coke and apple for their latest plan to move manufacturing back to the u.s., but that is not the whole story. coke recently announced a plan to make the new macintosh and the u.s., but there are a tiny part of apple's business. apple's primary product, the ipad, iphone account for nearly three-quarters of the company's sales and are all made in china at places like fox con. that's not going to change a time soon. because as steve jobs once said denton cook echoed, you cannot find that many americans to hire. i bet there are just a few american engineers out there that would disagree, but they probably aren't looking at being paid $18 per day. mr. president, instead of dividing the ceo of the world's biggest company, what you bring in small business owners who are dealing with her policies the in and day out. while they're there may be to listen to what they have to say you. that's my "2 cents more," and that's it for tonight on "the willis report." thank you for joining us. gerri@foxbusiness.com for complete coverage of the president's state of the union add
the hearing resumed, brennan defended u.s. actions in the war on terror, but he acknowledged the c.i.a. is not immune from scrutiny. >> i have publicly acknowledged that our fight against al queda and associated forces has sometimes involved the use of lethal force outside the hot battle field of afghanistan. accordingly it is understandable there is great interest in the legal basis as well as the thresholds, criteria, processes, procedures, approvals and review for such actions. i have strongly promoted such public discussion with the congress, and with the american people as i believe our system of government and our commitment to transparency demand nothing less. >> reporter: late wednesday, mr. obama directed that the house and senate intelligence committees be given a classified memo on drone strikes abroad. it lays out the legal rationale for targeting american terrorism suspects. brennan has helped manage the program. oregon democrat ron wyden had pressed for release of the memo. he went directly to the issue during his first pass at questioning brennan. >> what should be d
angeles police office wanted for murder. >> suarez: we turn to iran as the u.s. tightens sanctions but tehran shows no signs of halting its nuclear program or engaging in talks. >> brown: from our american graduate series, we have the story of a chicago non-profit that aims to change the lives of would-be dropouts. >> what's interesting about one goal is that it pinpoints and targets low-income, underperforming students in non- selective chicago public schools, students who are least likely to graduate from high school, let alone college. >> suarez: we look at newly released documents showing leaders in the catholic church in los angeles shielded pedophile priests and failed to report allegations of child abuse. >> brown: and gwen ifill talks with biographer jeanne theo- haris, who offers a complex portrait of the woman best known for refusing to give up her seat on an alabama bus in 1955. >> she is celebrated for one act and i think part of that celebration puts it all in the past, right, when the actual rosa parks keeps working on racial and social justice issues all the way up t
group and turkish police exchanged gunfire near the u.s. consulate in istanbul. three police officers died. nobody that's claimed responsibility for the most recent bombing on friday. >> algerian officials have for the first time allowed the media inside the site of a fatal hostage siege. islamic militants attacked the natural gas complex last month and kidnapped hundreds of workers. security forces fought their way in. when the crisis was over 37 foreign hostages and one algerian captive were dead. nhk was among the journalists who saw evidence of the conflict up close. >> reporter: about 100 domestic and foreign journalists were taken on a tour of the facility accompanied by officials. the plant is now under heavy guard. there are three checkpoints between the airport and the complex. and tanks have been deployed. these are the living quarters were many of the victims were taken hostage. we were only allowed access to the entrance. this building is a cafeteria. bullet holes serve as a grim reminder of the violence that gripped the complex over a four day period. the hostages were ga
. in a speech last summer, brennen said the use of drone strikes by the u.s. has turned al qaeda into a, quote, shadow of once was. under president obama, the program has used to take out more than 400 targets in pakistan and the middle east. we'll continue to watch that. >>> potential cuts to the defense department budget are causing changes in the military operation. the pentagon says it will reduce the naval presence sense in the persian gulf. the uss harry trumman to head to the gulf has been canceled. defense secretary leon panetta warns under the automatic cuts, pentagon workers could face additional cuts. >>> vice president joe biden choked up after speaking about the recent tragedy at sandy hook. >> when people tell me that you can't prevent these kinds of occurrences, that doesn't mean we can't do something to god forbid if it happens again, diminish the carnage. it matters. it matters. >> biden may have been made an emotional appeal to house democrats last night, urging them to support the oh bam in administration's gun control agenda as the vice president recounted specific examples
of the hour. ftse 100 adding about 0.8% for its part. we'll see if this positive move carries over to u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the last couple of days today. it's adding 0.3%. 1.3233. we saw it jump up nearly 0.4% after that ifo data. the dollar/yen, the yen is weakening again today within adding about 0.4%. so we'll see what impact that has had on trade across asia. let's get straight to li sixuan for more. hi, sixuan. >> thank you, kelly. asian markets wrapped up the wobbly week on a mixed noed note. the shanghai composite lost 0.5% today and slumped nearly 5% on the first trading week on the year of snake. investors cautiou
, missouri, say the teen was very thin and the country released this video claiming the decoded a u.s. reconnaissance drone planes. it shows the u.s. base inside afghanistan and several other aerial shots. there reportedly drawn lost in december 2011. they insist they captured that missing plane. thethe obama administration hands over to the senate intelligence committee today. a classified document that justifies the killing of americans who are members of al-qaeda. the justice department memo says the u-s government may kill any american overseas. if a high- ranking government official believes they are top operatives for the terror group. the document says the government doesn't need to wait until an attack on america is imminent. the white house is sharing the memo in response to complaints about the secrecy of its drone policy. the obama administration hands over to the senate intelligence committee today. a classified document that justifies the killing of americans who are members of al-qaeda. expected to face. he is also expected to explain his role in the detention and inter
the name jesus, going after a dozen other u.s. clothing companies for selling jesus the and apparel. now, they claim their company has the exclusive rights to the name and other people cannot use it. >> and not getting it. jesus teens is the name of that company. they register the name. back in 2007. here is was some of those genes look-alike. the company uses phrases like dow shot at any other genes before me and he loves me follows me. according to the u.s. trademark office the name of a personal character is register both only to if you can show it is used in a way that tells people what you do in addition to who you are. in this case, they get the name because it is at tied -- the name is tied to apparel. in my opinion a name like jesus should be the exception. should be trademarked. jesus jeans, well, they should have turned the other cheek. that is my "2 cents more." and coming up tomorrow, a routine checkup that cost more than a new car. all talk to the man behind some startling new numbers on the price of health care. steven brill from time magazine. you're going to want to see t
plan to end the longest war in u.s. history by withdrawing half of the forces by the end of the year. >> our forces will move into a support role bought at can forces take the lead. tonight, i can announce over the next year another 34,000 american troops will come home from afghanistan. this straw that will continue. by the end of next year, our war in afghanistan will be over. >> we will have more from the state of the union address and reactions after the headlines. the u.s. airstrike in afghanistan have killed 10 civilians. the strike hit a suspected taliban hideouts. most of the dead were women and children. california police say they believe former los angeles police officer christopher dorner has died in a final standoff in the snowy mountains of big bear. a suspect believed to be dorner took refuge in a cabin after a car chase. a single gunshot was reportedly heard from within the cabin before it erupted in flames. officers are now testing the dead body recovered from the site to confirm they have dorner's remains. the shares deputy was killed in the gunfight between police a
the u.s. has been proposed. the objective to would be to help stabilize forces after the end of the operation. sources say neighboring countries are expected to play a major role in the operation. >> south korea leaders say they are ready to conduct an underground nuclear test at any time. crews have installed a remote detonator and equipment that will be used to measure radiation. north korean leaders said last month it will conduct their third nuclear test, but didn't say when. government sources say the crews brought a vehicle to the test site in the northeast that will remotely control the detonator. a monitoring device installed will be used to detect any nuclear radioactive material coming out of tunnels after a nuclear explosion. they are working with u.s. forces to monitor the movements of the north korean military. >> a trailer truck loaded with fireworks has exploded on an expressway on the inland chinese province of hernan. there are conflicting reports about the number of dead but the figure could reach into the dozens. the truck was delivering fireworks for chine
importantly, what has not changed is the inevitability of our success. >> the u.s. commander in afghanistan faces tough challenges. among them, republicans questioning whether he is the right man for the job. >> with the u.s. looking forward to december 31st, 2014, the day combat forces are leaving afghanistan for good, marine corps general dunford will probably be the last to run it. you lead a regiment of 6000 troops into iraq in 2003 and but he spent much of his year -- career in the pentagon. >> a much personal time have you had in afghanistan? >> i have not served an assignment in afghanistan. >> dunford will have to manage the politics in washington and kabul when it comes to recommending how quickly forces should withdraw. >> i look at the strength of the enemy, the capabilities of the afghans security forces. >> president obama has not decided how many will stay in the country or, for that matter, what they will be doing. once the decision has been made, it will be up to general dunford to make sure the plan works and the work of the last 12 years is not undone. >> iran is marking t
test site. the white house calls it a highly provocative act that threatens u.s. security and international peace. it has prompted the u.n. security council to hold an emergency meeting later this morning. brianne carter will have much more on this developing story coming up in our 5:00 hour as well. >> tonight the focus will be on president obama as he delivers his state of the union. >> he is expected to press congress to improve more -- approve more tax increases and spending cuts. >> president obama's state of the union speech tonight will focus primarily on jobs and the economy. it is expected to be different than his inaugural address last month. >> the economy will be central to the speech and how we grow the economy so everybody can participate and get a fair shot. >> president a look at clean energy education, and infrastructure. he warns against the automatic spending cuts. adding additional spending would require congressional approval putting mr. obama on a collision course with house republicans. >> it's time for washington to get back to the basics. we canno
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the latest from atlanta. >> and are investments as pretty as a picture or a still life? ross, there's been a couple of big auctions here lately and it's always a good gauge of how well people are doing, how hard assets, real pr
to leave the pro dense and killing. >> hamid karzai made these allegations among afghan linked to u.s. special forces in the providence. the afghan claims some of that misconduct includes the beheading of a stew p dent. it is a key location for insurgency efforts. certain armed individuals linked causing insect and instability. in a statement gaven stan national security council claims u.s. special forces stationed in that providence are quote engaging and harassing annoying torturing and even murdering innocent people. the afghans further state that misconduct is causing local public resentment and hatred. in addition it goes on to saying bombing intelligence officials which is nearby providence as well. claims u.s. special forces are discussing the providence. they want the u.s. to handle individuals allegedly involved in the actions for misconduct and stating for the u.s. special forces get out of that area in the next two weeks. u.s. forces are basically saying, quote, we take all allegations of misconduct seriously and go to great lengths to investigate them. that's all of the fu
out across north america? simply put, under barack obama and hillary clinton, the u.s. has been unwilling to lead. and this has left a huge vacuum on the world stage. in a recent assessment of secretary clinton's tenure. michael owe o'hanlon of the brookings institute wrote even an admirers such as myself must admit few big problems were soflted on her watch. few big vic trises achieved. secretary clinton's work at the state department should be judged on whether she has left america's foreign policy in stronger or weaker position. most think the future lies with china than the u.s. it's not all mrs. clinton's fault. but the fact is we just don't have the influence we used to have around the world from syria to mali, we have led from behind, so in effect the former secretary of state has helped manage our decline in what looks increasingly like a post american world. and that's the memo. now on to the top story. another view on this, joining us now from new york, fox news contributor julie ragenski and former advisor to frank lautenberg and president rosenberg a center left thin
is saying that the u.s. is prepared to hold direct talks with teran . the nation immigration issues back in the spotlight. >> there are parts of the dream act that ronald reagan wouldn't support. >> michael reaggan weighs in . i amuma. live from the nation's capitol right now. >> we begin the hour with the latest on the drama that continues to play out in alabama. it is it a hostage situation for a five year old little boy who needs medical attention and crying for his parents. he was taken off of the school bus on tuesday. we'll go to ana who is standing by. elizabeth who is standing by with the latest on the situation, elizabeth? uma, we hope to learn new details. but we learned of the confirmed identify of the murderer and man who kidnapped the little boy. jimmy lee dyces is the man involve would. we are just blocks away from his property. i am here with ricky stockings. he has a seb site . ricky was on the scene before the authorities got there. we have paragraphs. you said children running down the street over your shoulder. can you tell me about it >> in front of the church the bus
unveiled by two of the most liberal members of the u.s. senate. barbara boxer from california and bernie sanders from vermont want to make polluters to manufacturers, and power plant operators pay for the pollution they generate. joining me now with the top republican on the senate energy committee, senator lisa murkowski. thank you for being with us again. great to see you. the carbon tax, good or bad idea >> this is something that is going absolutely nowhere. if what is proposed is something that is going to increase the cost to the consumers, this is just not going to happen. and when you think about the proposal that has been before the cut across, the captain trade proposal, it does not even take out the democratic lead said. it did not want to touch that. and of the to going to want to touch a carbon tax either. this is something that is just going to increase the cost to the consumer at a time that nobody is looking to increase their energy costs. we should not be looking to increase it. we should be making our energy more affordable. gerri: let me give you some numbers here. the
evans has the breaking news. a major withdrawal of u.s. forces from afghanistan. we'll preview the president's announcement which will come in tonight's state of the union. major garrett is at the white house. charlie d'agata in afghanistan. her parents will be with the first lady tonight. her alleged killers are in jail. dean reynolds on the shooting death of hadiya pendleton. and the taliban robbed afghanistan of its musical soul. but he is bringing it back. >> we can speak in a common language of humanity which is the language of music. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, the most-wanted man in california, fired los angeles cop christopher dorner, appears to be surrounded tonight. he's holed up in a house in san bernardino county east of l.a. dorner was discovered by fish and game officers a little after noon local time today. there have been gun battles and two officers have been wounded. their condition is unknown. this is the sound of one of those gun battles recorded by our correspondent carter evans. (gu
display ads on yahoo sites. the wall street journal reports american airlines and u.s. airways may announce a merger in a week or so. shares of u.s. airways flew higher. and let it snow! ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powder-packed weekend. mark sebastian of option pit mentoring joins us now for a closer look at the market. good morning to you. do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark? > > you know, maybe, but i wouldn't. i think we are due for a breather here at this 14,000 level in the dow. but there are going to be a lot of investors that see this train that has already left the station and want to get onboard. i think we are going to see an all-time high in the dow in the next 30 to 60 days. > wow. let's do some bonding: what do you think about the bond market? is this the time to buy there? > > for a short-term trader, yes. i think we have hit a near- term low. but over the long haul, rates are still really low historically.
stores. folks in the u.s. starting to ask whether horsemeat could be in other foods found at stores where they shop we. have some answers. ♪ ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. jon: some international stories we are watching right now. a massive blast outside the syrian capitol of damascus. this video believed to show the initial blast followed by flashess from repeated mortar attack. you can clearly hear the sound of gunfire, at least eight people are dead as the civil war there goes on. in israel militants launching a rocket from the west bank, the first attack of its kind in three months, breaking the cease-fire. palestinian militants taking responsibility saying the attack was meant to avenge the death of a palestinian in israeli can you. in egypt a hot air balloon explodes in midair sending 21 people plunging to the ground. at least 19 foreign t
, the u.s. investing millions of dollars into a new center designed to improve batteries that power iphones to from eye phon electric cars. they've made a breakthrough in green technology that could turn a trash to cash. >> from a grocery store to garbage dump, there is a global glut of plastic bags. 100 billion are discarded each year in the u.s. alone, just 13 percent are recycled and the rustling on lawns and in landfills for centuries. craig reddix hundreds of years to degrade. >> they want to end all that. the scientists at this laboratory have found a way to turn the bags into batteries. >> there are many benefits. a very important product. >> in the past, this were not able to mix different kinds of plastics, and he found a way around that. the cuts the bags up and stuffed them into a metal tube, as the catalyst, and he'd sit to 700 degrees celsius. then in a few hours he has a black powder and then carbon, it sells for more than gold. in a few minutes each and converted into this watch battery. all the green technology in the world does not do any good unless people use it.
drone strikes against u.s. citizens. lawmakers are expected to zero on on mr. obama's chief terrorist adviser and what he knew and when he knew it. the tactic faces new recruit any of after release of confidential documents. >>> and there are documents showing drones used to kill members of al qaeda. that brought back after demands of the legal justification for the strikes. late wednesday the white house bowed to growing political pressure and agreed to hand over the documents to congress. >>> senator dianne feinstein said lawmakers should know what brennan knew and when he knew it. she released a statement, it is critical for the committee's oversight function to fully understand the legal basis for all the counterterrorism operation. >> last summer, brennan said the use of drone strikes by the u.s. has turned al qaeda into quote, a shadow of what it once was. under president obama, the program has been used to take out 400 terrorist targets in pakistan and the middle east. >>> potential cuts in the defense department have already faced changes in the military operations. the pentag
. you know, this is a sweeping manhunt. as you said it's extended across california through the u.s./mexico border and through nevada and the latest search has been up in the snowy part of the community with officers following foottracks tracks but so far he's still on the loose. police say helicopters equipped with infrared light searched through the night for christopher dorner. they say he's now hunting his former colleagues. >> the streets will be full of patrol cars. >> reporter: the heaviest search is taking place in the mountain community of big bare, california. dorner's burned out truck was found there thursday afternoon and a door-to-door search is under way. >> we're going to head back down closer to where we live and keep our family safe. >> reporter: dorner posted a manifesto on his facebook page where he vowed to get revenge for being fired in 2009. >> dorner is considered to be armed and extremely dangerous. >> reporter: outside lapd headquarters officers here are taking the unusual step of patrolling their own headquarters in case dorner att
from u.s. representatives bobby rush and danny davis in the special 2nd congressional district democratic primary. they both cited kelly's support for tougher gun laws. kelly is one of 16 democrats in the race. the governor visited a south side church today to make his case for raising the minimum wage in illinois and.... >> there is something wrong if someone works 40 hours a week and lives in poverty >> he wants to raise the minimum wage in illinois to $10 an hour . >> i think it is important that working people get peight paid a fair wagpaid a fair wage >> she worries employers will be even more reluctant to hire if this passes >> some people think it will be a wage killer... >> it has been very frustrating trying to look for a job... >> she would rather see lawmakers focused on communities like this one were no longer hiring >> chicago's flu season appears to be slowing down. city health officials says we hit our peak about a month ago. fresh flu-tracking data shows a general decline in the seasonal virus across the city, state and most parts of the country. during
not living in the u.s. but in fantasyland? connell: we will talk about that and immigration reform because it has been huge topics this week. if we told you you could save billions of dollars in foreign aid to corrupt governments with immigration reform would you take that trade? dagen: super bowl feeder and counterfeiters are honest. we bring you more on a record $13.6 million bust in fake nfl merchandise. you got to give me a jersey, if you don't make one i will get one. connell: you will be all right. especially men wearing sports jerseys is one of my pet peeves. let's go to nicole petallides at the nyse-listed 14,000. nicole: don't come down here today because today on the floor of the nyse, support your favorite team. and the trader jackets a lot of traders are wearing their favorite jersey's. the dow four days out and we hit it, we are here, 14,000 right now, a gain of 140 points. dow leaders include bank of america and travelers and verizon and american express and at&t helping along the trend has been a good one, january, the best january in two decades. we kickoff 2013 in a very b
major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in there. when you talk about the eurozone and growth potential seeing it is disappointing and not pulling
laws. in fact, the u.s. attorney's office for the northern district of illinois, only 25 federal firearms cases were brought to that office in 2011. only 1% of the people, 62 out of over 4000 were denied guns based on background checks are prosecuted for illegally attempting to acquire firearms. that is too low of a rate. see what can be done by enforcing the law on the books before enforcing new ones. we will legislate in an area that deals with the issue of reporting to the database for the people who are not in there now. make sure that we deal with the mental health issues that are involved with the tragedies that we are talking about today and a lot of other tragedies that have happened. thank you. >> thank you, senator. will the witnesses please stand? affirm the oath as i complete the reading. do you affirm that the testimony you are about to give before the committee will be the truth, the whole truth, and nothing but the truth so help you god? >> i do. >> thank you. i will introduce the two witnesses from this panel. the first is john walsh, u.s. attorney. he has served
, right? essentially, reorienting how america deals with the world away from the u.s. military and toward u.s. diplomacy. to upscale our soft power capacity as a country so we have more options beyond just the option of force. this president did a lot to advance that idea simply by putting somebody as high profile as hillary clinton in the job of america's head diplomat. but the overall goal of upscaling state, upscaling diplomacy and development so they are right up there with defense, like she said today, that is widely regarded as a goal that is not yet realized. secretary clinton alluded to that fact today when she said she now plans to become an advocate for that cause from the outside. it is, frankly, easy to imagine that as the core for her return to public life and politics for hillary clinton at some point, but we shall see. the secretary also reflected today on how she is really leaving public life for the first time in a very long time. and she suggested that that might make her a little lonely. >> i am very proud to have been secretary of state. i will miss you. i will probabl
in the next few hours. >>> on the hot seat, the latest grilling over the attack on the u.s. consulate in libya. the response from the secretary of defense when he was accused of being unprepared. >> and things get heated during the head of the next head of the cia. the reason protesters disrupted it multiple times. >>> the green light capital filed a lawsuit against apple. green light owned apple stock since 2010 and wants the company to share more capital. they have been trying to get them to create a new class of preferred stock. apple began baying a divend last year. >>> the committee put another top government official on the hot seat over the deadly attacks on the u.s. consulate in libya. >> what is clear the united states is unprepared for what occurred in benghazi. >> i believe the department of defense and the armed forces did all we could do in the response to the attacks. >> u.s. defense secretary leon panetta insisted the government employed every asset to respond to the september 11 attack on the u.s. consulate in libya. cocoa krispies and three other -- cocoa krispies and -- chris
and endanger u.s. security. as the government accountability office revealed scathing report from fiscal year 2007 through 20121, the justice department wasted $11 $11.4 million flying department executives around the country on non-mission using the gulf stream jets. they had other dire warnings from the cabinet. >> i don't think we can maintain the same level of security. >> whether it's press related i don't know but there are teachers getng pink slips now. >> the claims are under scrutiny with the last one yesterday from education secretary arnie duncan getting four pinocchios from the "washington post." because the teachers in west virginia did not lose their jobs from sequester. >> some of the things are not true. >> white house aides seem more concerned about the accuracy of journalist bob woodward, but his claim the president rewriting history to replace sequester by tax revenue and spending cut through sharp rebuke from white house aide sperling who declared journalists would regret reporting that. though officials today insisted that was not a threat. noting sperling is trying to ma
not as of yet. >> u.s. your republican colleagues on the committee to join you, buy or -- you have asked your republican colleagues on the committee to join you -- why or why not? [inaudible] >> first of all, i did not ask members to join me because i am not advancing legislation here. it is not like i will call them up to be a co-sponsor, there is nothing here to co-sponsor. in fact i made very clear as we were drafting its that i did not want to have the specific legislation in here. when we first started off my critical minerals bill was in here, which i usually supported, but this is -- if this is really a conversation starter, let's allow it to be just that. there is nothing predetermine, preordained, nothing determined in there. what i wanted to do was developing these discrete pieces of legislation where i go to my colleagues and ask for their specific support and i hope that they will take a look at it and there will be initiatives that will look at and say -- hey, coming from this perspective, i have this idea and maybe we can build a bill together. how can we make things happen? tha
. the u.s. government has been bringing this up with the chinese for a long time. it is low risk. it is low cost. it is high return and difficult to track. even getting a location on these servers, this is a little bit of guesswork involved there. there are real challenges there. the big question is, how do we respond? connell: if you had to give a great to the american public, how ready are we? >> there are so many elements. you have to peel back the onion. you have to talk about things like, you know, the electrical grid and things like that. i would say we are at a c level. guy forbid, it could come to conflict with the chinese could shut out the lights on us here. shut off the power. shut out though, you know, air traffic control system. connell: thank you. i also want to point out that the ceo of that company preparing the report will be on the next hour of "markets now" with dennis kneale and cheryl casone. dagen: already looking into some stock orders. what does the chief have to say about this? connell: washington's spending problem. entitlement programs like social secur
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